MUMBAI: Anil Ambani group company Reliance Capital has acquired 6.27 per cent stake in Global Broadcast News (GBN) through an open market transaction on the BSE.
The purchase of 1.68 million shares in a bulk deal was made on 12 February. GBN, which operates English news channel CNN-IBN and Hindi news channel IBN7, was listed on the stock exchanges on 8 February.
After a debut opening on the BSE at Rs 417.10, the scrip had closed at Rs 510.10 with over 13 million shares changing hands on the first day of trading.
A day after Reliance Capital's purchase, the scrip opened at Rs 495 and touched a high of Rs 526.70 before closing at Rs 508.65.
